Poll shows analysts unanimous in expecting the RBA to remain on hold at February meeting

<p>The Reserve Bank of Australia cash rate is currently at 4.35%.</p><p>Via Reuters poll:</p><ul><li>All 29 economists in the Jan. 31-Feb. 1 poll expected the RBA to hold its official cash rate &lt;AUCBIR=ECI&gt; at 4.35%</li><li>None expected further hikes in this cycle</li><li>ANZ and NAB saw the first rate cut in November </li><li>CBA and Westpac forecast it in September</li></ul><p>— </p><p>I posted earlier on an opinion that there won't be a rate cut soon at all:</p><ul><li><a href="https://www.forexlive.com/centralbank/ex-rba-board-member-says-the-australian-cash-rate-may-stay-around-45-for-a-long-time-20240201/" target="_blank" rel="follow" data-article-link="true">Ex-RBA board member says the Australian cash rate may stay around 4.5% for a long time</a></li></ul><p>The cash rate is above the inflation rate for the first time in this rate hike cycle. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.

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